U.S. The Department of Education announces changes in transformation in the public service loan forgiveness program, it will put more than 550,000 public service workers closer to the pardon of the loan October 6, 2021 Contact: Press office, ( 202) 401-1576, Press@ed.gov
  • today In day, the United States Department of Education announced a review of the public service loan forgiveness (PSLF) that will implement during the next year so that the program complies with its promise. This policy will result in 22,000 borrowers that have consolidated loans, including previously eligible loans, being immediately eligible for $ 1.74 billion in forgiveness without the need for greater action on their part. Another 27,000 borrowers could qualify for an additional $ 2.82 billion of forgiveness if they certify additional employment periods. All counted, the Department estimates that more than 550,000 borrowers who have previously consolidated will see an increase in rating payments with the average borrower receiving another two years of progress towards forgiveness. Many more will also see progress, since borrowers are consolidated in the direct loan program and will request PSLF, and as the Department distinguishes other changes in the weeks and months ahead.

    "The borrowers who dedicate a decade of their lives for public service, should be able to trust the promise of the pardon of the public service loan. The system has not been delivered on that promise to date, but That is about to change for many borrowers who have served their communities and their country, "said Secretary of Education of the United States, Miguel Cardona. "The teachers, the nurses, the first responders, the military, and many public service workers have had our back especially in the middle of the challenges of the pandemic, nowadays, the Biden administration is also showing that we also have their backs ".

    The announced changes today include:

    A limited PSLF exemption that allows all student borrowers payments to have the PSLF, regardless of the loan program or plan of payment. This waiver will allow students to count all payments made in loans from the Federal Family Education Loan Program (FFEL) or Perkins Loan Program. It will also give up restrictions on the type of reimbursement plan and the requirement that payments are made in the total amount and on time for all borrowers. To receive these benefits, borrowers must submit an PSlf form before October 31, 2022, which is a single application used to certify employment and evaluate a borrower for forgiveness.

    Allowing active service service members to have posters and tolerances towards PSLF. This resolves a problem for service members who have paused payments in active service, but did not receive credit to PSLF.

    Automatically providing credit for the PSLF for members of military service and federal employees who use federal data matches. The department will implement data coincidences next year to give these credit borrowers to PSlf without an application.

    Review of requests from PSLF denied for errors and giving borrowers the ability to reconsider their PSLF determinations. These actions will help identify and address service errors or other problems that have prevented borrowers from obtaining the PSLF credit they deserve.

    Wednesday afternoon, the Cardona Secretary and Secretary James Kvaal will meet with a group of public officials who benefit from these changes, including a member of the Army National Guard, a Mathematics Master and an epidemiologist, among others.

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